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CNBC 34
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English 80
Search Results 0 to 49 of about 80 (some duplicates have been removed)
CNBC
Dec 28, 2012 9:00am EST
sides are looking at if fiscal cliff right now and saying, well, we could go over this thing. it wouldn't be the end of the world and that's a very different view in washington than it is on wall street. i can tell you that. >> eamon, thanks. i know you've got a long day ahead, a long afternoon as well. eamon javers in washington. >> isn't it unbelievable. you have this huge, looming problem, i'll wait until later this afternoon to deal with it. >> and the whole sequester was a way to deal with this later. and corker, i think, on some of the morning shows this morning, senator corker said the worst case today would be to set up another later deadline that would keep the hard questions -- >> and i think a lot of this is so abstract, but if those milk prices go up for people around this country, that's going to be the thing that gets people really animated. >> that and payroll taxes, if they go up, that will hit a lot of americans across the board. >> interesting to see a lot of the stocks today that have exposure to dairy futures, whether it's an hsy, who knows? i haven't even gone throu
FOX Business
Dec 28, 2012 11:00am EST
now not serving the people in the best fashion. we need the fiscal cliff resolved right away. this uncertainty causes great harm to the country, and we need very aggressive plans to reformulate our budget so that we don't have to have this uncertainty hanging over us so freakedly. you know, right now, american factories have a 20% price differential with competitors all through the the world. we need our system to be more competitive so we can grow. if we raise taxes on the job creators, on the factory owners, what happens is we'll be less competitive. the 20% will grow. we'll have less factories built here in america. it's very important that washington starts working out deals right away so that the fiscal cliff can be history, and we can focus on building factories, higher people, growing. dagen: well, they are not listening to you, drew. i hate to break it to you. in the interim, your company makes wire baskets and does sheet metal fabrication. based on what you see, how much of your own customers pulled back? have you seen layoffs? have you seen spending cuts ahead of th
CNN
Dec 30, 2012 2:00pm PST
i we have been following developments on the fiscal cliff talks. right now, senate leaders at an impasse over tax hikes and they are running out of time n just two days, those massive tax hikes and spending cuts will kick n so, let's go now to jessica yellin in washington. jessica has been monitoring events at the white house. you first reported to thanks minority leader mitch mcconnell, vice president bind have been in talks and i'm wondering, with no disrespect to the vice president what can he do? what does he bring? >> reporter: hi, martin. well, he bring morse than 350 years of experience on capitol hill and an ability to make deals. and you know, mick mcconnell, the senate minority leader said he was looking for a dance partner. i guess sort of -- you can think when you get bored dancing with one person, you switch over for a little while and try someone else. i have just been told that at this stage, it is senators mcconnell and biden and senator reid who are now again in the talks, sort of collectively so they are all in discussions broadly. and you know, i don't kn
CNBC
Dec 28, 2012 3:00pm EST
will be spent on what's at hand right now obviously with the fiscal cliff, and obviously what we do with 2013, i don't think that you're going to see a lot of regulation questioned, asked during 2013. >> okay. >> i think this one is one stock that will benefit. you'll see the analysts start to upgrade it. >> that being b of a. >> wait until the dow goes higher on your list for 2013. >> we don't do anything with respect to the theories of the dogs of the dow, but the generic sense of buying laggards for future outperformers is a broad one. higher growth names outperforming versus last year which was more defensive. what you do is look at the real laggards, hp and intel come to mind real quickly. >> right. >> they are down low for very good reasons. they are reason to be the desk top computing is definitely under siege with more mobile computing. the management issues with hp. all of those things need to be ironed out and as a result the stocks have underperformed. >> are you saying you would buy those here? >> we don't own them right now and not contemplating buying them right now. talk about str
CNBC
Dec 31, 2012 9:00am EST
'll be back on wednesday, in time to trade the fiscal cliff. all right. the deadline, of course, just hours away. if lawmakers wind up kicking the can down the road, they may want to come up with a way of saying so. that son the annual list of words to be ban issued. spoiler alert, trending and bucket list, not surprisingly the phrase that got the most nominations this year, fiscal cliff. so that brings us to this morning's squawk on the tweet. what other phrases should be banned and why. and remember, try and keep it clean. tweet us at squawk street. we've got your responses throughout the morning. fiscal cliff definitely has to go. >> i can't wait for hash tag to go away. >> we'll start hearing about the debt ceiling in two months. >> a ban on 2013's list. >> have a great new year. >> you as well. i have no special plans. i have a 3-month-old daughter -- >> that's very special. >> i'm prohibited from going anywhere. we have dinner reservations about 4:30 p.m., though. >> early birds. >> happy new year. >> same to you. >> presidents of americans for tax reforms, grover norquist ond how his
FOX Business
Dec 28, 2012 3:00pm EST
that. the fiscal cliff, which companies get hurt the most if we go right over that cliff? elizabeth ma cdonald is here with the bottom line. what are we looking at for bad news for what companies? >> walmart hand capped this and have their score card. a number of companies will, you know, dive over the fiscal cliff, and i'm tired of the "fiscal cliff" term, pardon me, it's a manmade term, the fc, whatever happens january 1st. here's why they get sales from government contracts. that's the deal. it's not just the lockheed martins of the world. you'll see in here, humana, other health care companies, of course, medical device companies hit with the tax, but they have striker, for example, and there's a lot of sales from government contracts. you'll see in here, look at that, motorola, holdings in and waste management companies like waste management and republic services, ashley. ashley: what are the stock prices on the companies, iz? >> good point. goldman sachs warned since 2011 when that debt ceiling crisis hit in the summer of 2011 that triggered the fiscal cliff learning that the co
FOX Business
Dec 31, 2012 3:00pm EST
for 2013. liz: 8:34 before we hit that fiscal cliff, but we're checking stocks right now for two seconds, founder and ceo of beverly hills wealth management. you should have costco, target, walmart in there. now let's go to another name that you say is a great u.s. play, on china stabilizing and growing. >> yes, and that's starbucks. starbucks a great american company. everybody needs a good cup of coffee. in china there is only one starbucks for every 1.9 inhabitants, can you believe that when we have one basically on every corner? [laughter] so there's tremendous opportunity there. you've got the tea growers in china, a lot of them are now switching to coffee because of starbucks, so that's a double play for you. liz: wait until they find out what a frappucino tastes like. >> oh, look out, china. liz: two pharma companies, what do you think are the big names here because we're all getting older, and we all need new medicine. >> we're going to be buying a lot of pfizer especially and bristol-myers. those are the two picks we have. pfizer is around 24, $25 a share, bristol-myers about 31
FOX Business
Dec 24, 2012 1:00pm EST
to remember, forget about the fiscal cliff, what is driving the stock market and keeping us where we are right now? a lot of it is consumer discretionary spending not because of christmas but because gasoline prices have dropped 17%. take advantage of all time low rates giving us a push hold in the market up right now and a lot of people are not talking about that right now. lori: do you think that is enough to prevent the s&p futures from hitting the 1400 level support here in the next couple of weeks? many people would argue more headwinds than tailwinds right now. >larry: we are angry mules kick away from 1400. people are just perplexed, why is the market holding up like it is with all the bad stuff around us. consumer discretionary spending has helped giving us a tailwind. blowing through it in a heartbeat. lori: great to have you, merry christmas. david: teetering on the edge of the cliff. speaking of the fiscal cliff, talks on hold until after christmas and president obama and house speaker john boehner have not spoken since friday. lori: is there any hope for a deal? are you the last ma
PBS
Dec 24, 2012 4:30pm PST
is tough for me. here's what i do think. i do think we'll get some resolution to the fiscal cliff, whether it's right now or whether it's soon after the new year, i think we will see so kin of resolution. that will be good for markets, good for business, good for investors. so i'm going into 2013 wanting to be long some really good high quality companies that i know can accrue returns for investors over time. and i don't want to think with the next few months. >> tom: let's focus on the next year ahead. what about volatility, do you think you'll need an iron stomach to be a stock investor? >> i think investing in stocks, in equities comes volatility. we're not bying bonds here, we're not sticking the cash in o mattress in our beds. so i think with investing if you're going to be an investor you have to be able to handle the ups and downs that come with investing in stocks. now, here's what i think most investors should do out there, which is diversify. i really want you thinking about owning dozens of stocks to help mitigate some of that volatility you will see as investing in stocks. >> t
FOX Business
Dec 27, 2012 3:00pm EST
, the lack of volume. because of the fiscal cliff, huge amounts of oil money on the side lines right now. take a look at volumes. we ran these numbers and put this together, february of 2011 it was a good month for oil, trading the average day, 934,000 contracts traded. by last month, november of this year, that was almost cut in half to almost -- well, a little bit more than half a million a day. yesterday the volume? 175,000 contracts. and today our producer just gave me the numbers, just totalled up all. 261,000 contracts today. that's still half the typical volume for december. this money is on the side lines because even though you can make a lot of money in oil, nobody wants to be hanging out there right now with the danger of the fiscal cliff overhanging everything. it's -- it's not a good time if you have got money and you want to do something with it. ashley: that's right. >> it's on the side lines. ashley: you are right. jeff in the cold. thank you jeff. thank you very much. did you end up with coal in your stocking this year? we had to use that line. coal stocks have taaen a t
PBS
Dec 27, 2012 4:30pm PST
certainty on the fiscal cliff, if we don't have resolution to that, i think you're right. in that c.e.o.'s probably will remain fairly conservative in their out look and that probably won't be good for the market. but if we do get resolution, i think c.e.o.'sy nature tend to be optimistic people, and if there's some resolution and they know what the rules of engagement are, they're going to go out and probably be a little bit more optimistic. >> so you have been saying that you changed your investment strategy a little bit nor your clients and you're looking for stocks that grow better than the gdp. do you have a couple you want to tell us about? let's look at the stock markets, bv and t, and the itg, what is it about these stocks that you think are good in this uncertain time? well, i think both companies are set up to deliver better than acknowledge results, better than g.d.p. growth for the new year. ipg is an advertising agency. they lost a little bit of business in 2012. we think that they're going to gain new business in 2013. their leverage and ratios are way down and the man
PBS
Dec 27, 2012 7:00pm PST
the fiscal cliff which will have sadly almost no impact on the long- term debt trajectory, but right now, neither markets nor the congress care about that. >> reporter: congress has never been terrific at long-range planning, but now the definition of long range seems to be 48 hours. >> you don't hear people talking, well a year from now, we really need to be here. you hear, well we need to do that this week. we need to do that day after tomorrow. this short-time frame horizon is new and i think people who think we are going to have tax reform and entitlement reform next year are way, way off base. >> cutting short his vacation but it's unclear whether he has the power to force a last minute solution through a deeply divided congress. >> darren gersh. >> so, joe, how bad could that be? >> i had, susie. unfortunately, the economy has been gaining momentum, if you look at the labor market as well as housing making progress. but if we would see a fall from the fiscal cliff, it's not in our own estimates that those in the congressional budget office would be enough to impart a recession in t
CNBC
Dec 28, 2012 6:00am EST
, right? how would the fiscal cliff, if we went over, affect gold, do you think? >> i think in the long run, gold will do worse if people start to think that interest rates rise. if dwrur going to park your safe money somewhere else, gold is a negative cash flow asset. >> and why wouldn't gold go up if we were going over the cliff? >> it would. in other words, if we do go over the cliff, you would expect gold to do better. >> and the stock market is. and the stock market hasn't done that badly at all. we're at 15% total return on the year. so if you just listen to the news, you would think we might be down but really, we had a very good year. are you going to be able to introduce this guy, andrew? he has more vowels in his last name than consonants. >> let's go to the futures pits where bob iaccino is standing together. >> would you say chee-no, bob? >> would you like it in english or italian? >> iaccino. with that singing. >> wa part of italy, do you know? >> cosanza is the town. it's the foot of the boot. >> not a bad part of italy. >> no, there's really not. >> bob, help us here. >>
FOX Business
Dec 31, 2012 9:20am EST
at the new york stock exchange, facebook higher why? >> that's right, stuart, so the fiscal cliff concerns continue. here at the nyse, spirits are high. one of the traders gave me the snazzy glasses and one of the reasons could be facebook. and bmo capital upgraded facebook from underperform to outperform and raised its price target to $32, up from $15. and steeple nicholas raised the price market to $31 up from $26 and looking at facebook shares up 2% this morning and seems like it could be a happy new year for facebook and either way, stuart get these on here, a happy new year to you. stuart: they look pretty good, got to say. >> match the dress. stuart: i heard a comment from the gentleman to your left. >> the gentleman who gave me the glasses, very happy with his donation here. stuart: is he selling those? >> no, free of charge, actually. >> hey, diane, thank you for being here. >> thank you, stuart. stuart: secretary of state hillary clinton remains hospitalized this morning and has a blood clot related to concussion she suffered earlier this month. that concussion prevented her from
FOX Business
Dec 27, 2012 4:00pm EST
rally next year no matter what happens with the fiscal cliff. and we will also be told what stocks he thinks are undervalued right now. let's start with larry. we're glad we picked up from the 150 point loss. i'm glad about that. looks like there won't be a santa claus rally this year. >> no, it doesn't look like it. we saw some pretty big down drafts today and earlier in the week. that's not what traders expect when we get into the last couple weeks of december. we usually have low volume rallies. we have done opposite. high volume drops in the market. today was a good example. recovered quite a bit but those points in the the chart have been made. the traders look at that and see the markets keep making lower lows and that makes them want to sell into the market and not buy it. shibani: david, i want to get your thoughts, you know, despite what's going on in and around the beltway, the gridlock that exists, you're still a believer in these markets. you believe in the markets forging ahead. tell me why you're so optimistic considering the swings we saw in just today's trading day alo
FOX Business
Dec 26, 2012 1:00pm EST
right. well who needs washington? starbucks actually has a plan to brew a fiscal cliff deal. now in a letter to starbucks employees ceo howard schultz asked employees at its d.c. area store to write, come together, on coffee cups when serving customers thursday and friday. rather than be bystanders you and your customers have the opportunity and i believe we all have a responsibility to send our elected officials a respectful but pointed message, urging them to come together to find common ground. this is not the first time starbucks has taken a political stand. during the debt ceiling debate in august 2011, schultz made a splash calling for boycott of political contributions it u.s. lawmakers until they struck a bipartisan deal. starbucks shares at this point down slightly, 48 cents. imagine john boehner going into starbucks and they write on the cup, come together. hello. lori: boehner, this is directly to you. tracy: exactly. howard schultz is on the campaign to fix the debt. he is one of the ceos that has come out. lori: he has nothing to lose being advocate, being outspoken.
CNN
Dec 30, 2012 3:00pm PST
scramble as the fiscal cliff is approaching and why right now? what will it take to hold congress' feet to the fire finally? i mean, if it has not been held to the fire now sh, and how soo will people start feeling the pain if no deal is reached? ali, bring in both sides of the political aisle and republican strategist anna navarro and maria cardona in washington. welcome the both of you. anna, why are we here right now? why are we sitting here right now talking about this right now with the senate gone home and congress in there working and the light is on, but few people are at home. why are we doing this? >> there is no good explanation. there's definitely no justification and no excuse for this. this is like, don, when you at the beginning of the year, when you are in school at the beginning of the year and you have been assigned a big project and you leave it to the last night. when i used to do thoo i was punished. if kids behaved the way the congresspeople were, they would be in time-out. if it were the private sector, they'd all be fired. no excuse. and the only solution i would
CNBC
Dec 31, 2012 6:00am EST
on with the fiscal cliff. >> you know, jim, i was watching our futures this morning. right now, it looks like the dow would open down about 65 or 70 points. that's the good news, that the market would shrug this off that there will be a deal reached either later today or in the next few days. we've been expecting all along that it would take a big reaction in the markets to get any serious action in washington. if they're not seeing that, that may make it less likely for them to reach any sort of a grand deal. in fact, a grand deal at this point is probably off the table. what does that mean for the next three to six months for the u.s. markets? >> yeah. waiting to come on the show, i was looking at a chart of the various u.s. markets going back since before the election. and which have sort of gone through some phases. in a way, the markets have sort of factored in from the first immediate period following the election a big deal to resolve the situation in the u.s. is not going to happen. the lying fiscal challenges in the u.s. are not going to be resolved anytime soon. that would be a big surprise
FOX Business
Dec 28, 2012 1:00pm EST
we can do this, avert the fiscal cliff that is right in front of us today. >> this is not something we are going to wait until the last day of december to get it done. adam. adam: proof words are cheap. it's the end of diecious, and absolutely nothing was done. why does it come down to the wire? republican senator of north dakota joining us now from capitol hill. sir, we appreciate you being with us, you were on fox business the other day, and are we going to have a deal or as some people are saying, do both sides want us over the cliff because it's easier to restore spending cuts? >> i'm in the camp to just keep pushing. that's where i'm coming from. as you said, the president and the leadership and the congress will have a meeting today at three o'clock, and so by four, they'll come out, and we'll have a better idea as to whether or not they'll come up with something, but regardless, for myself, and, i think, a lot of the senators and members of congress, we're just going to keep pushing because we got to come together and get people to agree on some kind of package. >> are you he
CNBC
Dec 28, 2012 7:00pm EST
around -- oh, they're coming back. that's right. they're part of the fiscal cliff power panel. >>> let's turn to the market sell-off. the dow going down 158 pointis and want you to see the after-market numbers and the futures, something called the futures continue to trade and they suggest that if the dow jones industrial average were to open right now it would be down 315 points. the nasdaq would be down a whopping 51 and the s&p 500 down 39. here now is larry glazer from the mayflower advisers and director at tjm institutional services. guys, when we open on monday, is it going to look that bad? jim? >> it depends on what happens. this is the way uncertainty works, but, you know, i thought for a month that one of two things was possible, one that we go over the cliff and the republicans have ground cover to be lowering taxes and not raising them or these are guys who crave the stage. how are they not going to take it down to the 11th hour? they'll never be able to stand in front of their constituents and say they fought the good fight and by my logic it's still december 28th. this is
FOX Business
Dec 26, 2012 3:00pm EST
mark. again, everybody's worried about the two letters, "fc," fiscal cliff, and pulling from the u.s. dollar, the yen is pulling back, the new regem that's in there, they are doing what they need to do, and nobody's going to gold right now. silver is sneaking up slowly, above the $30 range. we'll see that take off. reason for that is we look at china. china's economy is turning the corner. that's also helping with what you folks talked about earlier in the crude oil. see how it plays out. even though it's a light volume week as far as trading -- ashley: still, though, a downward trend with the chart. what's the story with silver? >> well, you saw silver pull back with gold. normally, they run, and now what we're seeing is there's a little bit more demand. china's picking up the pace a little. we are seeing silver that's up, what, 24 cents as of today? not a bad move from a one day, especially in the light volume. ashley: if we get it done on the fiscal cliff, will we see a selloff in metals? >> i don't believe that we will. europe right now is the safe haven. there's no negative ne
CNBC
Dec 31, 2012 4:00am EST
that the sh we're dealing with right now in the fiscal cliff is a prime example of it. what i'm arguing for are maintaining tax cuts for 98% of americans. i don't think anybody would consider that some liberal, left wing agenda. it used to be considered a mainstream agenda. and it's something we can accomplish today if we simply allow for a vote in the senate and in the house to get it done. the fact that it's not happening is ancation of, you know, how far certain factions inside the republican party have gone where they can't even accept what used to be centrist mainstream positions on these issues. i'm an optimist. we try every other option before we finally do the right thing. after everything else is exhausted, we eventually do the right thing. and i think that's true for congress, as well. and i think it's important for americans to remember politics have always been messy. people have been asking me a lot about the film "lincoln" and -- >> is this your lincoln moment? >> well, no. look, i never compare myself to lincoln and, b, the magnitude of the issues are quite different from
FOX Business
Dec 31, 2012 1:00pm EST
. but as the president says we are hopeful. we'll take a break. we'll be right back with so much more on the fiscal cliff. may be getting a deal. we're close, says the president. we'll be right back. shibani: good afternoon. 2:00 on the east coast. i'm lori rothman. we heard from president obama. did he mock congress? ashley: a little bit. this is busy day on new year's eve. not a done deal. we're making progress on an agreement. there is more work to do. the hour is. lori: fiscal cliff taking away from what has been a solid year for stocks. s&p 500 up 11 1/2%. nasdaq up 14%. accordingly we're looking for answers. ashley: apple shares clawing back from the three-month slide. baron's jack hough says the stock has more upside ahead and he will explain why. lori: as we do every 15 minutes, let's head down to the floor. diane macedo covering all the action. diane, stocks climbing ever so slightly higher. all eyes must be on washington. are investors more encouraged we will get some kind of a deal, however you want to characterize it by midnight tonight? >> hi, lori, hi, ashley. doesn't seem like it if you lo
FOX Business
Dec 27, 2012 9:20am EST
to fall off of the fiscal cliff. rich edson on capitol hill, have i got the gist of it right? blamed the republicans, it is all your fault. >> that is about it. the senate wants the house republican conference to pass the bill the senate passed a few months ago and house republicans want to pass the bill they passed a few months ago. it is save to say we are basically where we started in this whole thing a few days before the fiscal cliff. dave: it is they fight. flat out political fight. i guess you can expect that as the deadline draws close but it doesn't take us any closer to any kind of deal, does it? >> if anything it takes us further from a deal and the quote from senate majority leader basically said the house of representatives is being operated as a dictatorship for not letting the senate bill had the house floor. stuart: we are out of time. it is thursday, almost lunchtime, you have friday and monday, that is all we have got. >> looks like it. stuart: thanks very much. as of this moment it looks like we are going over the cliff and the dow is down 66 points. the 1,000 rich
FOX Business
Dec 27, 2012 11:00am EST
. speaking right. exactly. liz: more on the fiscal cliff. let's bring in peter. with us is former clinton advisor doug shoen. we have basically mr. boehner saying, look, you senate, you have not come up with anything. >> i think, unfortunately, we will probably get around it. i think it is a worse outcome to avoid the cliff then to go over it. i think we should broaden the discussion and look at what is going on around the world. look at japan and europe. the japanese government is the glaring war on japanese citizens. it will create inflation. if the japanese citizens start to dump their bonds, they have been a bigger part then japan recently. that is a big problem for us. their euro has been quietly depreciating. if that goes out, that is a much bigger fiscal cliff. if the buyers of treasuries become sellers. liz: there are a lot of "if" in your discussion. the bond markets are still pretty -- nothing from the bottom vigilantes yet. you were a clinton advisor. you saw in the mid- 90s bond yields really spike higher. that is the issue. if we see the economy healing, bond yields could go
CNBC
Dec 26, 2012 12:00pm EST
cliff night? let's get to the "fast money" halftime. >>> all right, carl. thanks so much. welcome to the "halftime" show. four hours to go until the close. the dow has taken a turn to the negative. down 33 points. as you can see, the s&p and the nasdaq are following suit. here's what we're following on the "halftime" show. lucky '13. which stocks look like a good bet. >>> cliff countdown. just three trading days remain for lawmakers to reach a deal and avoid going over the cliff. will they rise above and what happens to the markets if they don't? first our top story, shopped out. new data showing holiday sales grew at the slowest pace in four years. what does it all say about the health of the nation's retailers and the money you have in their stock? our traders for the hour are peat and john negarian and steven weiss. pete, begin with you, 16 of the 17 worst performers in the s&p today are retailers. >> understandably so. the expectations were so high. a lot of the analysts were looking for a bump of 3 to 4%. didn't get close to that. you're seeing pressure on the retail sector.
CNBC
Dec 27, 2012 4:00pm EST
because, quote, the phone never rang. he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that it would give to middle class americans. that -- that passed the senate. now, we know the republicans have buried themselves in procedural roadblocks in everything we're trying to do out here and now they are saying, well, we can't do the 250 because it wasn't blue slipped, because it will be blue slipped. mr. president, how does the american people retook the that? there was a bill introduced by the ranking member of the ways and means committee in the house, sandy levin, that called for this legislation. the speaker was going to bring it up to kill it, but he couldn't kill it and then we moved to plan "b," the debacle of all debacles. it's the mother of all debacles. that was brought up in an effort to send us something. he couldn't even pass it among the republicans it was so absurd, he meaning the speaker, so it's very clear now, mr. president, that the speakers's number on
FOX Business
Dec 31, 2012 4:00pm EST
how much. liz: rich edson live on capitol hill with the very latest on the fiscal cliff countdown. larry shover live in the pits of the cme, and what action we saw, wow, and we've got more than $100 billion worth of advice from our market panel, bill greiner and sandy lincoln. but first, let's talk to rich edson and, rich, you know, you're looking at a situation at the moment where you have the president saying we're close, but no deal. you have senator mitch mcconnell on the republican side saying close, but no deal. leads me to ask, what about joe biden? our vice president? he's the one who kind of brought things together in the early morning hours. >> reporter: he did, and mitch mcconnell called vice president biden, and they were hammering out a deal almost to the point where the senate minority leader said when he woke up this morning he thought they did have a deal, at least on the tax portion. republicans saying they have worked out and reached agreement on the tax issues, the problem are the automatic spending cuts, the $94 billion known oz the sequester throughout 2013. t
FOX Business
Dec 31, 2012 11:00am EST
the fiscal cliff, and he will be surrounded with middle-class americans. we are also getting reports right now, there are some details that are emerging about what a deal could possibly be looking or looking like at this hour. at this point, that deal could race tactics of raise tax rates for individuals that have an in camera above 400,000 year. households of 450 quoting a source familiar with those talks again, just crossing the wires, these two pieces of key information. we may have the framework for a deal. we will take the president's comments live. 130 eastern, 45 minutes from now. as we get ready to pop the cork on new year's, champagne already celebrating, finishing out 2012 as the number one champagne sparkling wine brand in the entire nation. joining me now as he does every year at this time by phone, chairman and ceo, happy new year. >> at the new year to you. cheryl: you have had a good year. what do you attribute that to? >> besides being an affordable price champagne, it's seems that people are tired of the doom and gloom. they want to make everybody a little bit happier. che
CNBC
Dec 31, 2012 12:00pm EST
, well, regardless of how the fiscal cliff discussions turn out, bill gross isn't looking for much when it comes to equity returns next year. he is joining us live from pimico headquarters in california. nice to see you, happy new year. >> thank you, scott. same to you. >> stocks and bonds returning less than 5%. unemployment remains 7.5% or higher. why so glum? >> well, you know, with bonds only yielding 1.7%, the 5% or less call is not hard there. i think stocks in 2013 depend on two primary things. one, real economic growth, which was 2% or less. and second of all, the fed. at this point ben bernanke isn't rumplestiltskin. even if this cliff deal is inacted, we'll say good luck in a month with the debt ceiling. in terms of the real economy and stocks, profits importantly have benefited tremendously in recent years from lower interest expense and low growth wage. so at some point the tail winds are going to end. >> you guys were expecting 5% in stocks for 2012, obviously the s&p 500 has done 11.5% heading into today with a whole slew of issues that have been facing us. has that surpri
CNBC
Dec 27, 2012 5:00pm EST
to have to be quick. what do you expect? >> i think data is on the sideline. all about the fiscal cliff. it's all about how the distrust in washington really makes some significant progress tomorrow. we need some movement from the president. we need some progress. so, we'll have our keen eye on that and more importantly, we'll have our keen eye on discussions surrounding the 2% payroll tax cut which has been quite absent. so, hopefully tomorrow we'll see some sort of progress on that front. >> all right, gentlemen, thank you both for, all three for joining us today and we will watch very carefully. tomorrow could be very, very interesting. that does it for us. thank you for watching. >> indeed. "fast money" starting right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's top three trades. cliff hanger. will we or won't we fall off the edge? only two trading days left to take your positions. block buster returns. his stock is up nearly 90%. michael burns of lionsgate gives us a sneak peak. and technical difficulty. why the char
MSNBC
Dec 31, 2012 6:00am PST
was talking about the fiscal cliff. >> some of the leading voices this morning told me that, first of all, we are on fantasy island, and secondly, another leading voice said that everything that happens today is inconsequential. >> right. >> i will tell you, i don't think it is. i think it matters and i think everybody wants one thing, for washington to get it done, get a deal done! get a deal done! >> but this deal is only a precursor to the more important deal. >> yeah, well, at some point -- >> she wants you to get that one done, too. >> get it all done. >> at some point we're going to hurt ourselves very badly. we already have. well, if it's way too early, it's time for "morning joe," but now it's time for the fix. the fix is in for chuck todd and "the daily rundown." >>> the ball will drop in times square tonight at the stroke of midnight, but in washington, have lawmakers already dropped the ball? with less than 15 hours to go before the fiscal cliff deadline, the new year's countdown is taking on a whole new meaning. >>> health scare. just days before secretary of state hillary clinton
CNBC
Dec 27, 2012 1:00pm EST
average. there are fears that we're heading over the fiscal cliff. the markets had weak data. consumer confidence for the month of november which, again, reflected concerns that we were headed over the fiscal cliff. the dow, nasdaq and s&p all negative for the month right now. as we take a look at the dow jones industrial average, the drags are cisco system, bank of america. the best performing stock on the dow for this year following its very poor performance in the prior year, alcoa also weaker along with jpmorgan and h hewlett-packa hewlett-packard. 50 day average, when it breaks below that on decent volume, the down side the traders are watching the levels as we came into today's session. groups that are leading the s&p lower are financials which are the best performing sector of 2012. taking a turn south in today's session. energy and materials actually also joining the fray among the leading laggers within the sectors that we followed. we also wanted to point out jcpenney. it was an outlier and today it reverses. it's having its worst day in six weeks, i believe. the reason being
CNBC
Dec 31, 2012 1:00pm EST
the fiscal cliff or not? >> i hope so, sue. >> and more contentious. >> right. that too is not really about america's long-term debt problem. it is about avoiding an immediate self inflicted economic wound. and it'll chute shut down the government. it would be more draconian than what we are facing with the fiscal cliff. >> i was struck by not only the number of ceos that put pressure on washington, but ceos from some of the biggest companies in america to the small e69 companies in america. >> they were all in favor as a compromise, a tax hike as part after long-term debt solution. that's what has to happen. >>> we have two minutes before the president comes out. let me turn you to the top of the list, mark zuckerberg, why? eric, excuse me one second. we will go to ayman an john. we have some of the framework but the language here may be extremely important. what are we listening for? >> what i expect from the president is to try to keep the pressure on negotiators to get a deal. he will have middle class families around him. to some degree this is a pr event. it is possible and the republ
FOX Business
Dec 26, 2012 11:00am EST
think, oh, do they know something about the fiscal cliff? not that at all. it is actually action in the middle east. reports of military exercises have commenced. military exercises in there and later in the week more military exercises. brent is off as well. heating oils are up. everything is up. even on a slow day here at the cme in chicago. dagen: good to see you, jeff. jeff flock reporting. thank you. the pentagon planning to deal with half a trillion dollars in budget cuts thanks to the looming cliff. gun sales rising over concerns of tighter gun control laws. we can find some winners in the stock market. here are some of those on the s&p. ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor ab
CNBC
Dec 24, 2012 12:00pm EST
-- >> that is another piece of legislation up in the air. >> right. and it is all caught up in the fiscal cliff story. >> unbelievable. from a business standpoint bb you have to operate your business regardless of what is going on and the fact we have this uncertainty. there is talk ever further consolidation. is that good for travellers or better to get more capacity out of the air? >> i think that more consolidation is good. it'll start to strip out some of the unnecessary capacity. from an industry perspective, what we are looking for is elected leaders and others to understand the importance of air travel. airlines drive flight percentage gdp. we are talking about a policy in 2013. something about rationalization with taxation. you talk about investment and infrastructure. my gosh, infrastructure in the united states on the ground and in the air. by the way, you talk about also being more globally competitive. this is what a national airline policy is all about. regardless of consolidation, that's what we think makes a great deal of sense for 2013. >> when we were in commercial break, i said, wow
CNBC
Dec 24, 2012 9:00am EST
of these fiscal cliff worries. >> we're going to sort of trend right around here -- it doesn't look like we're going to get a deal before year end of any great significance. that being said, we may get one last year. do we trade in line right here? >> so we're going to trade probably 91 on the upside, 86 on the low side. i think once a deal is done, you're going to see a reemergence of a risk-on rally. i think that's where crude oil breaks out to the upside. we start to get an upward trend. opec's 2013 target is around $100. i think we'll move up into the mid-90s and probably press through that $100. one of the burdens we have is we do have an abundance of supply in the u.s. the u.s. won't export any crude oil, but i think the possibility of us starting to consume more, would drive and help support those higher prices. >> when you put on those longs, i'm wondering, because this week is a holiday shortened week. congress is coming back on the 27th. is this a trade for 2013? >> yeah, it is more of a trade for 2013. i wiould start to look at fartherer out contracts, to like december 2013, and
CNBC
Dec 27, 2012 6:00am EST
dive. >> all right. so what can you leave us with? housing is good? >> fiscal cliff is bad. >> is that a net-net? >> i think the housing is good but the housing isn't great. everybody's talking about housing like it's going to carry us some place. it's just not going to drag. but it's not going to be a boost and i'm still very concerned about where the economy is going. >> is there any way that we've over -- sort of had too much anxiety and angst about the fiscal cliff or not? >> i don't think there's been much anxiety. and i talked to my brother and sister in suburban detroit. they're not in the financial world and they're always talking about the fiscal cliff. my wife has the same thing with her brothers and sisters, they're not in finance but it's what everybody's talking about. everybody's worried about it. but the experts tell us that we're not going to go over the cliff so they know it's there but they don't think we're going to go over it. so we'll see. >> i hope you're right. thank you for being here. >> coming up, is washington ready to go cliff diving? we're going
CNBC
Dec 27, 2012 12:00pm EST
the fiscal cliff. now to jackie and future now. >> that's right. you can see it on the chart. gold was lower this morning until majority leader harry reid took to the senate floor and says it looks likely we will go off the fiscal cliff. if we do go off, is buying gold your best bet? even with the cliff looming, gold has done badly over the past month. does that surprise you? >> it does. when you look at money printing going on in japan and the fiscal cliff here and debt ceiling limit and relatively weak dollar, gold should have a lot more shine to it. >> not like the possibility of going over the cliff is something new. if gold is getting a bit on cliff fears, why has it sold off in the last month? what's taken so long? >> funny you mention that, they read the headline, harry reid says, looks like we're going over the cliff, i don't think anybody thinks about that. but everybody hits the sell button because they think everybody's going to. there's plenty of reason to buy gold but whatever gold is dealing with on the negative side it is not done dealing with. i don't think it's a good time.
CNBC
Dec 31, 2012 3:00pm EST
and avert the fiscal cliff. >>> positioning portfolios for the new year, i can majs is tricky right now. there's a lot of mess going on in d.c. we're going to help. we're going to give you the single best play for 2013. >>> and also next, two congressman, one democrat one republican. they're going to talk to us about the fiscal cliff. are they happy or sad? and can they rise above to get a deal done? "closing bell" will be back after this break. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,00
CNBC
Dec 28, 2012 4:00am EST
away from the fiscal cliff negotiations? >> there seems to be some politics behind this announcement right now as we hit the ceiling. as you make the calculations, it seemed to me as if they were only going to hit the ceiling in february or march next year anyway. the fact that he comes out and says actually we're shutting the ceiling now and i have to make all these adjustments so we hit only in february seems to me that there is a bit of politics going on already and trying to increase the pressure on the republicans to agree at the year end. >> i wonder how much is priced into the markets. despite the fact that we're going partially over the cliff or doing the coyote/roadrunner thing in the air, i'm just not sure that we are necessarily going to see a huge move. among other things, it seems the market is tired of the political wrangling'. >> indeed. i think what is priced in is that this is priced in at a slope. it's something that's going accumulate over the year and is going to hit the gdp if it really hits over the course of the whole year, not all in january. it's not going to
CNBC
Dec 24, 2012 6:00am EST
inflation. >> right. >> and the fiscal cliff business is a big deal. it's a potentially big game changer. i didn't think there was a chance we would go over really until the last couple of days. now i'm thinking there could be a bungee jump where you go over for a couple days and come back. >> if you're a market timer and you believe in your bungee do you think there's going to be an opportunity? >> absolutely. because i truly believe. the good news is, is this is setting ourselves up for true entitlement and tax reform in 2013. it could be six months from now. it could be a very difficult first six months. >> you're looking for a baby deal now? >> there's probably going to have to be a baby deal, partly because of amt. you cannot retro actively fix amt. that would hit millions of people. it's a very, very big deal. very, very costly. everyone would get blamed for it. then there's another things that are part of the deal that you could wait for. payroll tax, that's $160 million. we have obama care taxes. we know those are going through. >> the payroll tax number going up again? >> payroll t
CNBC
Dec 26, 2012 5:00pm EST
by the fiscal cliff. my guess is, in past decembers, they have not that kind of thing to deal with in the way we do right now. >> president comes back to washington, he'll get on a flight in just a couple of hours, we'll be back at 7:00 east coast time in washington tomorrow, assuming the weather allows air force one to get through all of that. in many teen time. and then, presumably, maybe some of the negotiations can get back on track at that time. in the meantime, the dow down 24 points today. that's it for us. thank you for watching. >> and "fast money" starts right now. stay tuned to cnbc. >> we'll see you tomorrow. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. retail wreck. santa delivered coal for most today. should you be betting on a bounce back? the global race to print money is on. and we've got the best ways to play japan's easy money. and 2013 trades. top picks in an uncertain world also "fast money" goes fast forward into next year. first, to our top stories. five days to go until the fiscal cliff and the
CNBC
Dec 26, 2012 3:00pm EST
-wise and the s&p is down 3.33 at 1423. five days left until the fiscal cliff deadline, and though the market has been very resilient to this point, what happens if we go over the cliff and if lawmakers cannot get it together come january 1st? will it be a big meltdown for wall street? that's what everybody wants to know. >> certainly hope know. in today's "closing bell" exchange, former chief economist of the vice president joe biden, oliver perch from gary goldberg and matt cheslock and rick santelli, thank you very much. jarred, you wrote an article called "cliff dive, what the heck happens next?" what does happen next? >> well, that's actually all up to john boehner, as i see it, because if we were to decide to bring the president's most recent small car compromise to the house i actually believe it would pass. the problem for him it would probably pass with mostly democrat vote, but i think it could get through the senate. that's the only scenario i see by which we avoid going over the cliff. >> wait a minute. >> at least temporarily. >> wait a minute, jared. john boehner said it's up to the
CNBC
Dec 28, 2012 12:00pm EST
to be about the debt ceiling. >> right. >> we can forget about the fiscal cliff here. something will be done. and there will be a look back and they'll correct the tax implications for all of us. but the thing they won't be able to do anything about and that they will actually have to negotiate and get done is the debt ceiling. that is the big thing facing us right now. most likely in the first three weeks of january. >> what makes you give back into the market? what makes you put a position on? >> i think we'll see some panic during the first three weeks of january. i really do. >> a whoosh down and then start fishing. >> yes. i would like to see that same sort of panic that lifts us into the mid 20s for the vix. i don't want to see that folks but when scott is asking me when would i get back in, i'll get back in because i anticipate that panic because as these guys have proved, they said november 16th. we're not going to go to the end of the line to get this thing approved. they've come all the way to the end of the line. they will do the same thing with the debt ceiling and that is why i
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